Asia-Pacific Lower with Geopolitics in Focus
8 Articles
8 Articles
The tensions between Saudi Arabia and Iran-backed Huthi rebels in Yemen drive oil prices, which creates a bad mood among Asian investors.
The focus is on oil and geopolitical tensions.
Asian stocks are mostly down on Wednesday morning, with European stock markets also expected to open lower. Rising oil prices are putting additional pressure on markets.
Oil prices are rising due to increased tensions in Yemen and the Houthi movement's attacks on Saudi Arabia, which is negatively affecting Asian stock markets.
Asian stock markets are down on Wednesday, despite new highs for U.S. stocks on Tuesday. Rising oil prices on the back of a storm in the Gulf of Mexico and escalating tensions between Saudi Arabia and the Iranian-backed Houthi rebels in Yemen are hitting Asian economies particularly hard.
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